Gold continues to hit a historic high, but it fell back in early trading and continues to buy more!
Gold is currently stabilizing at a high level and continuously breaking historical highs. Gold bulls are better than gold bulls, and gold bulls are strong. Gold bulls still have the hope of reaching new heights. Now, the trend of gold bulls continues, and gold's early decline continues to be significant.
After breaking through the box and shaking in the first hour of gold yesterday, the gold retracement confirmed that it continued to rise. Therefore, gold is in a bullish trend. The gold 1-hour moving average is now continuing to diverge from the bullish arrangement of the gold cross. Gold retraced to 3047 for the second time last night and rose again. Therefore, gold can continue to buy on dips above 3047 today. If it falls below 3047, the short-term bullish strength of gold may be suppressed, and gold is likely to start oscillating again.
The market is constantly changing, and with the current bullish trend in gold, it is necessary to continue to buy in line with the trend. If the price rises, there is no need to top it. If gold falls in the short term, it is still an opportunity to continue to buy long.
Morning trading strategy:
Buy more gold at 3050, stop loss at 3040. Target at 3070-3080;
Disclaimer: The above is purely a personal opinion sharing and does not constitute operational advice. Investment carries risks, and profits and losses are borne by oneself.
Tips：This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement：Contact us if the content violates the law or your rights